Istanbul, Turkey, June 15, 2015 -
IFC, a member of the World Bank Group, hosted a business development and
networking event, ‘Innovation Marketplace’, in collaboration with General
Electric and Girisim Fabrikasi, Ozyegin University’s Accelerator Program.
The half-day invite-only event brought together
over 20 local and regional companies with 16 hand-picked startups in Turkey,
to share ideas, expand networks and develop new partnerships. The start-up
companies were selected among those focused on healthcare, smart energy
and industrial data management sectors.
Aisha Williams, IFC Country Manager for Turkey
said: “IFC works with the private sector in Turkey, providing financing
and advice in line with the World Banks Group’s strategic priorities for
Turkey. We also see great value in leading projects where we can contribute
to private sector development by providing resources, know-how and training
that could lead to business development opportunities for Turkish companies.
Supporting innovation is a global priority for IFC and we are happy to
provide a platform for startup companies and companies to exchange ideas
and explore new partnerships.”
Erdogan Cesmeli, Strategic Investments Director,
GE Turkey highlighted the importance of collaboration and said: “The way
we do business is radically changing. The business world of the new era
provides tools and solutions, which enable employees, companies and organizations
to increase local innovation and productivity, to promote entrepreneurship
and to expand opportunities by creating common manufacturing models based
on cooperation and innovation. We will keep supporting entrepreneurs and
innovators with our new GE Turkey Innovation Center in TeknoPark.”
”Doing business with corporates and gaining
traction through their support is way more valuable than venture investment
for startups. Besides being the engine of growth for countries, start-ups
also carry huge benefits for firms which are struggling with innovation
efforts. We are hosting this mutually advantageous meet up for the first
time in Turkey, and we believe that it will result in highly effective
collaborations said Ihsan Elgin, Founding Director of Ozyegin University
Analysis of the key sources of economic growth
shows that the biggest differences between developed and developing economies
are related to the ability to innovate. Innovation is critical for economic
growth and a strategic priority for IFC around the world.
IFC has been supporting private sector development
in Turkey for the past 50 years. With a $4.3 billion outstanding portfolio,
Turkey is the second largest country in IFC’s global portfolio. In
line with the Turkey Country Partnership Strategy for fiscal years 2012-2015,
IFC invested a record $2.8 billion in private sector projects in Turkey.
IFC, a member of the World Bank Group, is
the largest global development institution focused exclusively on the private
sector. Working with private enterprises in about 100 countries, we use
our capital, expertise, and influence to help eliminate extreme poverty
and boost shared prosperity. In FY14, we provided more than $22 billion
in financing to improve lives in developing countries and tackle the most
urgent challenges of development. For more information, visit www.ifc.org.
About Ozyegin University Girisim Fabrikasi:
Girisim Fabrikasi is founded in the body
of Ozyegin University in the year of 2011. Girisim Fabrikasi is the first
startup accelerator program in Turkey. Still supported by Turkcell. In
the body of Girisim Fabrikasi, more than 6.5 Million TL of grand and investment
is supplied to 29 entrepreneurs, who are elected from more than 1900 candidates.
For more information, visit www.girisimfabrikasi.com.
GE (NYSE: GE) imagines things others don’t,
builds things others can’t and delivers outcomes that make the world work
better. GE brings together the physical and digital worlds in ways no other
company can. In its labs and factories and on the ground with customers,
GE is inventing the next industrial era to move, power, build and cure
the world. For more information, visit www.ge.com.